I ate one egg yesterday. Today I ate two. Will I eat 74 eggs this Sunday?

No.

64 eggs on Sunday

....at the current growth rate extrapolated.

That's what I am asking.

You're right and I'm mistyping. Anyway, point is, there's no way to know. The math is correct, in that if you extrapolate like that, you get those results, but why would you think the market will follow that logic?

I ate one egg yesterday. Today I ate two. Will I eat 74 eggs this Sunday?

No.

64 eggs on Sunday

....at the current growth rate extrapolated.

That's what I am asking.

You're right and I'm mistyping. Anyway, point is, there's no way to know. The math is correct, in that if you extrapolate like that, you get those results, but why would you think the market will follow that logic?

Well, that's not the point. In fact, I don't. Personally, I expect the growth rate to go up exponentially.... But again, that's beside the point.

Are you sure that my math is correct.... at.... "annual return on investment of about 50,000%" .....?

If you believe that Bitcoin will grow until it displaces all other currencies in the world then eventually the value of a Bitcoin will reach $70 trillion / 21 million = about $3 million and then steadily appreciate with world GDP growth.

I calculate it would take 49 days at 10% growth rate per day to gain 100X (10,000%). Is this right? This isextremely unlikely, but a much better bet than a lottery ticket. Much much better. I took my entire poker-playing bank roll and dumped it into Bitcoin AT $9-12/btc. Kinda nice not having to grind out winnings hour after hour.

I calculate it would take 49 days at 10% growth rate per day to gain 100X (10,000%). Is this right? This isextremely unlikely, but a much better bet than a lottery ticket. Much much better. I took my entire poker-playing bank roll and dumped it into Bitcoin AT $9-12/btc. Kinda nice not having to grind out winnings hour after hour.

Your math looks correct, but your logic can be questioned.Past performance is not necessarily an indicator of future success, but the 8 month average gain has been about 2.45% gain per day. (This is still very respectable, but nowhere near the 10% per day that you predicted.) At that rate, it will take 190.3 days for you to get 100x gains.

math:past 8 months it went from .06 to 20 (approx). So 20/.06 = 333.33so that's a compounded average daily gain of 2.45% (333.33 ^ ( 1 / 240 ), which is 1.0245, or a 2.45% gain.it will take you 190.3 days at that rate: log( 100 ) / log ( 1.0245 ), which is 190.3

On the other hand, if we hit a knee in the curve, then 49 days might be correct. Who knows!You nearly doubled your money; you should be happy, and get out.

I calculate it would take 49 days at 10% growth rate per day to gain 100X (10,000%). Is this right? This isextremely unlikely, but a much better bet than a lottery ticket. Much much better. I took my entire poker-playing bank roll and dumped it into Bitcoin AT $9-12/btc. Kinda nice not having to grind out winnings hour after hour.

Your math looks correct, but your logic can be questioned.Past performance is not necessarily an indicator of future success, but the 8 month average gain has been about 2.45% gain per day. (This is still very respectable, but nowhere near the 10% per day that you predicted.) At that rate, it will take 190.3 days for you to get 100x gains.

math:past 8 months it went from .06 to 20 (approx). So 20/.06 = 333.33so that's a compounded average daily gain of 2.45% (333.33 ^ ( 1 / 240 ), which is 1.0245, or a 2.45% gain.it will take you 190.3 days at that rate: log( 100 ) / log ( 1.0245 ), which is 190.3

On the other hand, if we hit a knee in the curve, then 49 days might be correct. Who knows!You nearly doubled your money; you should be happy, and get out.

Um, why would I want to get out and by implication get into a fiat currency that can be diluted at the whim of a central banker? sure, bitcoin price could plummet, but so could dollars. This is my gambling bankroll and I'm going to let it ride.

Um, why would I want to get out and by implication get into a fiat currency that can be diluted at the whim of a central banker? sure, bitcoin price could plummet, but so could dollars. This is my gambling bankroll and I'm going to let it ride.